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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): FEBRUARY 7, 2000
NEXTEL PARTNERS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE 333-78459 91-1930918
(STATE OR OTHER JURISDICTION) (COMMISSION (IRS EMPLOYER
OF INCORPORATION) NUMBER) IDENTIFICATION NO.)
4500 CARILLON POINT
KIRKLAND, WASHINGTON 98033
(425) 828-1713
(ADDRESS AND TELEPHONE NUMBER OF REGISTRANT'S PRINCIPAL EXECUTIVE
OFFICE)
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ITEM 5. OTHER EVENTS
On February 7, 2000, Nextel Partners, Inc. (the "Company") issued a
press release announcing fourth quarter operating results.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) EXHIBITS.
Exhibit No. Description
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99.1 Press Release dated February 7, 2000
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NEXTEL PARTNERS, INC.
Date: February 7, 2000
/s/ JOHN D. THOMPSON
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John D. Thompson
Chief Financial Officer and Treasurer
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EXHIBIT INDEX
Exhibit Description
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99.1 Press Release dated February 7, 2000.
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EXHIBIT 99.1
Contact: Media:
Bob Ratliffe
(206) 979-4254
Investors/analysts:
John D. Thompson
Nextel Partners, Inc.
(425) 828-1713
FOR IMMEDIATE RELEASE
NEXTEL PARTNERS ANNOUNCES OPERATING RESULTS
FOR FOURTH QUARTER 1999
KIRKLAND, WA FEBRUARY 7, 2000 - Nextel Partners, Inc. today announced operating
results for the fourth quarter of 1999. At December 31, 1999, the Company had
approximately 46,000 digital subscribers, an increase of 38% from the
approximately 33,400 digital subscribers at September 30, 1999. Monthly average
revenue per unit, or ARPU, was $66 for the year ended December 31, 1999.
Service revenues grew about 27% to $10.5 million for the three months ended
December 31, 1999, as compared with $8.3 million for the three months ended
September 30, 1999. Earnings before interest, taxes, depreciation, amortization
and stock-based compensation, or EBITDA as adjusted, for the three months ended
December 31, 1999, was $(10.5) million, as compared to $(8.0) million for the
three months ended September 30, 1999. For the year ended December 31, 1999,
EBITDA as adjusted was $(31.6) million as compared to $(17.3) million for the
year ended December 31, 1998. EBITDA is commonly used to analyze companies, but
is not a measure of financial performance under generally accepted accounting
principles and should not be considered an alternative to net income or loss as
a measure of performance or to cash flow as a measure of liquidity. EBITDA as
adjusted, as calculated by the Company, may not be comparable to other similarly
entitled measures reported by other companies.
The Company's loss from operations for the three months ended December 31, 1999
was $40.7 million which includes an amount for stock-based compensation expense
of $25.6 million. This represents an increase of $29.5 million from the
Company's loss of $11.2 million for the three months ended September 30, 1999.
The Company's capital expenditures during the fourth quarter of 1999 were $90
million.
Nextel Partners provides digital wireless communications services in mid-sized
and smaller markets throughout the United States.
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